13,217.60 TRY BIST 100 BIST 100
6.45 CNY CNY CNY
51.01 EUR EUR EUR
44.21 USD USD USD
0.13 CNY CNY/EUR CNY/EUR
40.08 TRY Interest Interest
100.99 USD Fossil Oil Fossil Oil
5.71 USD Copper Copper
113.30 USD Silver Silver
109.20 USD Iron Ore Iron Ore
369.00 USD Shipbreaking Scrap Shipbreaking Scrap
7,154.97 TRY Gold (gr) Gold (gr)
110.00 USD Iron Ore 61% Fe Iron Ore 61% Fe

Chinese support for metals

Metals, especially iron ore, rose after the debt-hungry Chinese real estate giant Evergrande Group announced that many suspended housing projects would restart.

Chinese support for metals

Iron ore and some other metals rose after the Evergrande Group, one of China's largest housing developers, announced that 668 of the 706 discontinued projects will restart.

It is expected that the latest development after the boycotts in 100 cities, initiated by housing customers protesting the incomplete real estate projects in the country, will give the sector a breather.

Futures in Singapore rose 1.7 percent to $103.85 a tonne. Futures contracts on the Dalian Stock Exchange closed at 728.50 yuan, up 1.1 percent.

Aluminum rose 1.1 percent on the London Metal Exchange and traded at $2,307.50. Many metals rose, including copper. The decline in the dollar also supported the base metals.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

EU to support energy-intensive sectors with temporary decarbonization fund propos

Wednesday, March 18, 2026

Far East steel market under supply-demand, cost, and geopolitical pressures

Wednesday, March 18, 2026

Italy’s crude steel production increased by 2.6% in february

Wednesday, March 18, 2026

Crisis in Strait of Hormuz paralyzes Iranian ports: Over 1 million tons of iron and steel stranded

Wednesday, March 18, 2026

HBIS Tangsteel starts up fourth continuous caster from Primetals Technologies

Wednesday, March 18, 2026
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now